A One-Bedroom Rental at Essex Crossing Will Cost You About $4,000/Month
A market rate one bedroom rental at Essex Crossing will set you back about $4,000 per month.
A short time ago, Delancey Street Associates (the development consortium) went live with 107 apartments at The Rollins, a 16-story building located at 145 Clinton St. An affordable housing lottery was already held for 104 low- and middle-income units at The Rollins, the complex named for Jazz great Sonny Rollins. Tenants of those apartments have been moving in over the past couple of weeks.
According to The Rollins’ website, a studio on the sixth floor runs $2,945. A one-bedroom/one-bath unit on the 14th floor is priced at $4,365. There’s a two-bedroom/one-bath unit for $5,400 and a three-bedroom/3-bath spread on a high floor for $7,940. These are the first market rate units at Essex Crossing to hit the market. The rentals are being handled by Douglas Elliman Development Marketing.
As previously reported, the affordable units at 145 Clinton St. range in price from $519 to more than $3400.
The building includes a concierge service, a resident lounge, a rooftop terrace lounge and an exercise room. There’s also a 15,000 square foot publicly accessible park located adjacent to the building (on Broome Street). It will open later this year, along with a Trader Joe’s and a Target store. Back in December, the developers named the building for Sonny Rollins, who lived at 400 Grand St. (a tenement demolished to build the complex), in the late 1950s and early 1960s.
Essex Crossing will eventually include more than 1,000 apartments, half of them designated as affordable. Another rental building will open later this year at 115 Delancey St. An affordable senior building is already fully leased at 175 Delancey St. Essex Crossing will feature a new Essex Street Market (opening in the fall), a large underground shopping pavilion called the Market Line, a medical center from NYU Langone, a 14-screen movie theater, among other amenities.
Delancey Street Associates includes three developers — Taconic Investment Partners, BFC Partners and L+M Development Partners — plus the Goldman Sachs Urban Investment Group., which has made available about a half billion dollars in financing to build the project.